Top Items:
Wall Street Journal:
Bear Stearns Closes in on Deal To Sell Itself to J.P. Morgan — Bear Stearns Cos. was closing in on a deal Sunday afternoon to sell itself to J.P. Morgan Chase & Co., as worries deepened that the financial crisis of confidence could spread if Bear failed to find a buyer by Monday morning.
Discussion:
Eschaton, DealBook, The Big Picture, Emptywheel, Grasping Reality …, Dealbreaker, The Agonist and Reason Magazine
RELATED:
New York Times:
JPMorgan Acts to Buy Ailing Bear Stearns at Huge Discount — Bear Stearns, facing collapse because of the mortgage crisis, agreed Sunday evening to be bought by JPMorgan Chase for a bargain-basement price of less than $250 million, the two companies announced.
Scott Lanman / Bloomberg:
U.S. Fed Cuts Discount Rate, Says Dealers May Borrow — The Federal Reserve, in an emergency weekend decision, cut the rate on direct loans to commercial banks and opened up borrowing at the rate to primary dealers in government securities. — In an announcement before the start of trading …
Discussion:
Hullabaloo
Mike Allen / The Politico:
Obama's church accuses media of character assassination — The Chicago church attended by Sen. Barack Obama (D-Ill.) issued a statement Sunday contending that coverage of his pastor's inflammatory remarks amounted to character assassination and “an attack on ... the history of the African American church.”
Discussion:
Gateway Pundit, NewsBusters.org, Hot Air, The Sundries Shack, Political Byline, Donklephant, Stop The ACLU and PoliGazette
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Sweetness & Light:
Pastor Wright Erased From Obama's Website — Just like in the bad old days of the Stalinist Soviet Union, an inconvenient personage has been airbrushed from the Barack Obama campaign's website. — Before, via Google's cache (as retrieved on Mar 8, 2008 20:01:06 GMT): … And the current page:
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Think Progress:
One Year Later, Market Where McCain Strolled ‘Freely’ Is Controlled By Sadr, Too Unsafe For Americans To Visit — On April 1, 2007, Sen. John McCain (R-AZ) strolled through the open-air Shorja market in Baghdad in an effort to prove that Americans are “not getting the full picture” of what's going on in Iraq.
Discussion:
Crooks and Liars, The Newshoggers, Associated Press, The Seminal, Hullabaloo, Angry Bear and Political Byline
RELATED:
New York Times:
Iraqis See a Candidate's Agenda in McCain's Visit — BAGHDAD — Senator John McCain arrived in Iraq on Sunday morning on a trip that was described as a visit by an official Congressional delegation, but that also served to showcase his foreign policy credentials as he campaigns for the White House.
Discussion:
AMERICAblog
New York Times:
Op-Ed Contributors: Reflections on the Invasion of Iraq — To mark this week's fifth anniversary of the invasion of Iraq, the Op-Ed page asked nine experts on military and foreign affairs to assess their previous and current outlook.
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ABCNEWS:
Bill Clinton: ‘Chill Out,’ Let Voters Decide — Former President Says Most Democrats Like Both Hillary Clinton and Barack Obama — Bill Clinton, in an exclusive interview with Robin Roberts, said he thinks Democrats are torn between two candidates they like, and that it's time to “chill out” …
Discussion:
TVNewser
Allahpundit / Hot Air:
Video: Juan Williams lowers the boom on Obama — By special request of Ace, who tells me his commenters were buzzing about it this morning. Williams has never had much patience for grievance culture so this shouldn't surprise. He's juggling a lot of balls here — the “authenticity” …
Discussion:
Little Green Footballs
New Jersey Online:
McGreevey aide says he had sexual trysts with ex-governor, wife — A former aide to James E. McGreevey said today that he had three-way sexual trysts with the former governor and his wife before he took office, challenging Dina Matos McGreevey's assertion that she was naive about her husband's sexual exploits.
Gallup:
Gallup Daily: McCain at 47% to Obama's 44% — PRINCETON, NJ — The latest Gallup Poll Daily tracking update on registered voters' general election preferences for president finds that John McCain has opened up a slight advantage over Barack Obama, 47% to 44%, while McCain and Hillary Clinton remained tied at 46% each.
Discussion:
TPM Election Central
Jeralyn / TalkLeft:
Newsweek Examines Eliot Spitzer's Life — In a very long article, Evan Thomas examines the life and background of Eliot Spitzer, trying to understand why he engaged in such reckless conduct. Shorter version: He was trying to please Daddy. — He describes Spitzer's family: … More...
Discussion:
Newsweek
Scott Horton / Harper's:
The Gathering Storm at Justice — I don't in the ordinary course review and recommend law review articles, but I've just come across one that is close to indispensable for public affairs junkies. On December 7, 2006—the anniversary of the attack on Pearl Harbor—at least eight U.S. attorneys …